Crop Insurance

The United States

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums

YearFarmer PremiumsPolicies
1995$653,977,5332,454,932
1996$856,496,5262,231,091
1997$872,573,4141,847,715
1998$929,614,9371,744,944
1999$918,246,5411,798,333
2000$1,192,271,9511,938,026
2001$1,187,791,9451,909,850
2002$1,174,534,0481,888,143
2003$1,389,328,7431,922,526
2004$1,708,708,8141,988,947
2005$1,605,403,2361,969,461
2006$1,897,532,8591,952,696
2007$2,738,723,3901,933,719
2008$4,160,318,6791,956,132
2009$3,523,824,5822,047,618
2010$2,883,264,4992,029,326
2011$4,759,808,0402,096,378
2012$4,275,166,8992,129,048
2013$4,675,792,5882,218,079
2014$3,853,213,2522,212,217
1995-2014$45,256,592,47640,269,181

METHODOLOGY: EWG obtained county level crop insurance information from USDA Risk Management Agency which shows premium subsidies, indemnities and farmer premiums at the county/crop level by crop year. Administrative and Operating Expense Reimbursements to crop insurance companies (A+O), Other program fund costs, Other administrative and operating fund costs expenses, and Government earned interest were allocated to the crop/county level by using the national expenditures/revenue of the Crop Insurance program (available here for 2003-2014 and from RMA previous to 2003) in each category and attributing them the crop/county level by total premiums. EWG was unable to attribute underwriting gains to the county/crop level. Underwriting gains (or losses) are paid to insurance companies when the insurance companies collect more in total subsidies than are paid out in indemnities. Since underwriting gains are paid by company on the basis of all of their policies, EWG was unable to allocate underwriting gains by crop or by region. The total underwriting gains for 1995-2014 is $14.6 billion.

 

Farm Subsidies Education

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